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Tlsa

LCID has another falling wedge breakout LONGLCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried to raise cash by selling cars under cost. I would be afraid to buy a car from a company about to head into bankruptcy. Anyway, time to buy LCID for now, it has a vaccine against the contagion. I happen to be very fond of falling wedges especially when they repeat. My skills in Elliott Wave analysis are nil but this is one to analysis. In the meanwhile, it's a buy ( no I am not a fan of Jim Cramer.)
NASDAQ:LCIDLong
by AwesomeAvani
1
RIVN a trade from deeply undervalued LONGRIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the lesser EV stock while TSLAs fundamentals are challenged by earnings constraints in the face of downward pricing and whether discounting will stimulate demand or instead accelerate the path down as investors may perceive the pricing scheme as a sign of weakness ( or even desperation).
NASDAQ:RIVNLong
by AwesomeAvani
19
RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a predictive algo added suggest it has room to 13.25. The indicators are supportive of that forecast. I will take a long position here with a stop loss under the lower BB line. As to my FSR put options I will watch them rise until expiration time. No hurry. No worry there. RIVN's new models and FSR's demise should help for some bullish momentum until RIVN catches a bit of FSR''s issues.
NASDAQ:RIVNLong
by AwesomeAvani
TSLA Due for a pullback ?TSLA here in on a 30-minute chart. It is in a channel that has as its basis the 42 ( 7x6) EMA with the upper and lower bands the 2.618 Fibonacci extensions of the basis value. Accordingly when hitting the lower band, there is a high probability of reversal to trending up. Conversely, when hitting the upper band, the price is highly probable to reverse into trending down. Here TLSA is actually outside that Fibonacci band and getting closer to the absent 4.33 band TSLA rose more than 5% in the last trading day. Reversion to the mean may apply. The True Strength Index indicator shows a cross about to occur in the supply /resistance zone a confirmation expectant for a reversal. Similarly, the Fisher transform shows the signal and mean lines crossing and inflecting into a negative slope at the top red line. In the immediate term history, TSLA ran up on Thursday 4/27 / Friday 4/28 hit the upper Fibonnaci band and dropped after the weekend. I can see this as repeating Aside from mathematics from the all-important trader psychology side of things, a large # of traders are up on their position having made it through some downward price action and then reaccumulation. It is now time to take full or partial profits and close some positions In the meanwhile, short sellers can see the rise in the last trading session as a pullback in the trend down and time being ripe to add to their position. Other short sellers might liquidate and in doing so hold TSLA's price steady in buying to cover. I can't see the psychology underway. I can however see the indicators and the mathematics that is their foundation. I will take a trade of put options expiring 5/19 at a strike of $175. I will watch for a reversal of the reversal mid to late week and upon seeing it take a partial profit and hold the rest.
NASDAQ:TSLAShort
by AwesomeAvani
COMPOSITE INDEX Electric Vehicle Stocks TRENDING BEARISH In this daily chart, I made a composite index of electric vehicle stocks using an approximate formula weighed by stock prices but not market cap. ( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks. I did this to later check to see if there is any effect of new legislation impacting federal tax credits for electric vehicle adoption as a catalyst for price action. So far YTD, the composite at large has fallen 18.5% varying from TSLA is down 6% and LCID as an example of others is down 36% The composite will be a quick and easy way to see if the composite and so the market cap of the underlying stocks inflects its downtrend responsive to the federal legislation catalyst.
NASDAQ:NKLA
by AwesomeAvani
3
Textbook Falling Wedge Breakout Means Tesla Puts?Wow this falling wedge was textbook, but just scraping by the minimum 3 month timeframe. According to textbook would retrace to target B, or roughly 15K, +4% from here over a relatively short amount of time. However, many falling wedges do retrace the breakout rather quickly in the 2nd week after. After all, the markets don't go straight up do they? Lately we have been trading in a news cycle, aka "China Trade Deals Signal New Developments 2018 style." Except now we have several developments: Inflation Fears, Russian War, New China Trade War, Fed FUD, and maybe just a bit of covid still with us. (how? idk, ask China). I played E to top of channel and missed entire breakout but it was such a large move I could not not take profits. I rolled all the profits into April $tsla 900p EOD today. I am not trusting the 'textbook move.' Be your own judge, still lots of upside, and my leaps in my IRA would appreciate a 4% gain in Nasdaq. GL.
CME_MINI:NQ1!Short
by Arete-HI
1
Tesla - Perhaps the most watched trendline in financial markets Retail traders have been primarily momentum and trend based, so with this in mind, lets keep it simple and look at the longer-term uptrend and assess price action around this support in the near-term. Perhaps Musk can pull it out of the bag and promote a resumption of the bull trend, but the headwinds are growing and if they lose the momo crowd, the shorts could have a far better time of it. Trend breaks don’t always lead to collapses, but if they lose retail then the bid may dry up and buying puts could become a lot more expensive.
Editors' picks
NASDAQ:TSLAShort
by chris.weston
36
$TLSA Target 4.82 for 31.34% LET'S GO$TLSA Target 4.82 for 31.34% Or next add level is at 2.52 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:TLSALong
by SPYder_QQQueen_Trading
1
TLSA - PLAYING THE WEDGE GAMEPossible entry 3.52/3.55 on a trending support hold Okay, here's a possible move play! Favorable trading and charting conditions in my opinion. Why? 1. Wedge formations can become parabolic signals. The highs and lows are trading inside this wedge. 2. This is an upwards trending stock, with the pricepoints holding, again inside this wedge. 3. The Stochastic indicator is suggesting a further move south. This indicator is a great source for stock sentiment. It is waning, but knowledge says to buy the oversold condition on an upwards moving stock, if volume and ema points are solid. In short, buying the discount. 4. The 8 EMA is the pivot line, like a fishing bobber, where price wants to stay near. The 34 EMA should not be a factor in this case. *Let's see what happens DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NASDAQ:TLSALong
by mrmaximo74